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Nov 8, 2012
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to avoid that so-called fiscal cliff. nbc's trais si potts is in washington. >> reporter: good morning. he's back here and the real work begins starting with the economy including that fiscal cliff that you mentioned, taxes and budget problems that could kick in by the end of this year. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. >> reporter: fresh off his election victory, president obama's already been on the phone with top democrats and republicans in congress urging them compromise before america falls off the fiscal cliff. what's that? long-term unemployment benefits and the 2% payroll tax cut expiring. a big cut in medicare payments. and your taxes going up january 1 if congress doesn't act. plus, another $500 billion in cuts at the pentagon. boeing, the military's second largest supplier, already announced a second round of executive layoffs. >> nobody wants to see this fiscal cliff without a deal because the cuts are severe and
to avoid that so-called fiscal cliff. nbc's trais si potts is in washington. >> reporter: good morning. he's back here and the real work begins starting with the economy including that fiscal cliff that you mentioned, taxes and budget problems that could kick in by the end of this year. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. >> reporter: fresh off his election victory, president...
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Dec 13, 2012
12/12
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FOXNEWSW
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>> people are doing interesting things when it comes to the fiscal cliff and taxes. overall h & r block there's one in every five miles of every american. they are every where. this is not just for the month of december. this is going to be going through into january and february. this is their busy time. they hire about 100,000 year-round. the peak season is october to january. tax professionals client service customer care positions, customer care, tech support. one in every tax return in this country that is filed h & r block does it. the fiscal cliff is changing especially with the real estate market i will talk about that next week. they are busy right now. we want to know how to file our taxes. >>> they are lacking toer more than masking. >> exactly. >> everything is listed at my block casone exchange.com. you can apply. we are going to be getting follow up with the fed and crazy decision that took many of us by surprise. >> it is 25 minutes after the hour. he sacrificed his life to save the lives of fellow soldiers in iraq. why is the military refusing to give
>> people are doing interesting things when it comes to the fiscal cliff and taxes. overall h & r block there's one in every five miles of every american. they are every where. this is not just for the month of december. this is going to be going through into january and february. this is their busy time. they hire about 100,000 year-round. the peak season is october to january. tax professionals client service customer care positions, customer care, tech support. one in every tax...
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Dec 8, 2012
12/12
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the economy pretty fast" if lawmakers don't settle the fiscal cliff issue. he's chief economist of moody's analytics. so mark falling off the fiscal cliff means bad things. how bad? >> it could be quite bad, susie. i don't think it's if we get into january and we haven't settled this but if house makers haven't nailed this down by early february, i think stock investors, bond investors will start to get very very nervous, start selling, risky businesses pull back and by the end of february when we start approaching the ceiling for the debt limit, i think we'll be back in recession. it will be a fairly severe recession. so policy makers have a few weeks but not much more than that. they have to get this together. >> susie: some people are saying that today's jobs report is very encouraging and that you can look at this as a way that maybe the economy can handle some stuff belt tightening because things are looking a little bit better. how do you think the various parties, republican and democrats will handle this jobs report in their fiscal cliff negotiations
the economy pretty fast" if lawmakers don't settle the fiscal cliff issue. he's chief economist of moody's analytics. so mark falling off the fiscal cliff means bad things. how bad? >> it could be quite bad, susie. i don't think it's if we get into january and we haven't settled this but if house makers haven't nailed this down by early february, i think stock investors, bond investors will start to get very very nervous, start selling, risky businesses pull back and by the end of...
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Nov 7, 2012
11/12
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cliff where tax raises and spending cut could collide. >> mr. president, this is your moment and we're ready to be led. >> i am willing to discuss any issue. >> as mitt romney left bos a more difficult challenge perhaps then winning the white house. even republican elders say their party has big problems. >> inclusion is when you're in the meeting, which it inherently changes the tone of the meeting. >> congress reconvenes on tuesday and it will have to act faster on those financial issues we keep talking about. the landscape -- not drastically different. republicans will have to a poll done to the house, democrats the senate. there will be some changes in d.c. as the president will likely make announcements of new cabinet members over the coming weeks. >> scott, thank you. long lines at polling places yesterday. however turnout appears to be lower than it was four years ago. the associated press reports 14 million fewer people showed up to voted to four years ago. virginia, without releasing specifics, indicated that yesterday's turnout there w
cliff where tax raises and spending cut could collide. >> mr. president, this is your moment and we're ready to be led. >> i am willing to discuss any issue. >> as mitt romney left bos a more difficult challenge perhaps then winning the white house. even republican elders say their party has big problems. >> inclusion is when you're in the meeting, which it inherently changes the tone of the meeting. >> congress reconvenes on tuesday and it will have to act faster...
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Jul 21, 2012
07/12
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democrats warning they'll let the fiscal cliff hit raising everybody's taxes if republicans don't agree to raise taxes on the rich now. are american people telling they're wrong. new fox poll more than 70% of americans thinks that raising taxes in an economic down turn is a bad idea. who is right? i'm david asman, welcome to forbes on fox. steve forbes, victoria, morgan brennan, rick unger and elizabeth macdonald and thanks to e-mack for hosting the show. >> thank you. >> and steve, what do you think, democrats pushing us further towards that fiscal cliff? >> yeah, they want us to imitate france, raising taxes except in war time is a bad idea. especially if you have a weak economy, hurts risk taking, hurts success and slows the economy down. in the name of healthiness, they're hurting us. it happens every time. >> it goes against the grain, even young people, by the way, a poll of 18 to 29 year olds, 69% of whom said raising any taxes in this economic environment is a bad idea. >> yeah, but you know, you really have to wonder how americans are going to react when they begin to understan
democrats warning they'll let the fiscal cliff hit raising everybody's taxes if republicans don't agree to raise taxes on the rich now. are american people telling they're wrong. new fox poll more than 70% of americans thinks that raising taxes in an economic down turn is a bad idea. who is right? i'm david asman, welcome to forbes on fox. steve forbes, victoria, morgan brennan, rick unger and elizabeth macdonald and thanks to e-mack for hosting the show. >> thank you. >> and steve,...
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Dec 5, 2012
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>> well, across the country, i think this whole issue around taxes and around the fiscal cliff generally leads to something else, which is significant uncertainty. and whether it is delaware or whether it is any other state, one of the things that is most important to us is having business leaders have some kind of certainty about what the ground rules are going to be. not just for the next three months, by the way. but really for the next several years. they're more likely to invest, more likely to hire their next employee if they know what the game looks like. what the landscape looks like. and so as much as anything else, we think having that certainty, having that clarity on taxes and spending, is really important. >> susie: you said you are also very concerned about where growth is going to come from. did you discuss that withou the president, won did he say, aside from tax increases and spending cuts? >> one of the things we specifically talked about was infrastructure. it didn't used to be that roads and bridges were democrat or republican. we need to continue to invest in our inf
>> well, across the country, i think this whole issue around taxes and around the fiscal cliff generally leads to something else, which is significant uncertainty. and whether it is delaware or whether it is any other state, one of the things that is most important to us is having business leaders have some kind of certainty about what the ground rules are going to be. not just for the next three months, by the way. but really for the next several years. they're more likely to invest,...
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Nov 7, 2012
11/12
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WBAL
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bipartisanship -- the fiscal cliff, tax hikes and spending cuts come in seven weeks. steve handelsman, at wbal tv 11 news. quite significant changes on the way in maryland with the referendums passing on the ballot. the most controversial, in favor of same-sex marriage. 52% of maryland voters in check yes. the news brought some emotional victory chance after a hard- fought battle. kim has more on what is next. >> last night, maryland was one of four states to legalize same- sex marriage. it is the first time it has passed in an election as a valid question. this was such a heated issue, what happens now? the headquarters of marriage quality is buzzing with congratulation and energy after question 6 past, legalizing same-sex marriage. >> we are really excited. january 1, 2013, gay and lesbian couples are going to get a state-issued a marriage license. we won one of the largest coalition efforts the state has ever had. >> tuesday's election was the first time the bill has ever passed as the ballot item. the credit months of running a grass-roots campaign. >> i believe b
bipartisanship -- the fiscal cliff, tax hikes and spending cuts come in seven weeks. steve handelsman, at wbal tv 11 news. quite significant changes on the way in maryland with the referendums passing on the ballot. the most controversial, in favor of same-sex marriage. 52% of maryland voters in check yes. the news brought some emotional victory chance after a hard- fought battle. kim has more on what is next. >> last night, maryland was one of four states to legalize same- sex marriage....
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rates that were there when i was predz. >> with now break through today and the fiscal cliff negotiations, is this a starting point? "outfront" republican congressman james langford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. good to see you, sir. appreciate you taking the time. what about this idea of raising taxes on everyone? the math actually in this case is much more promising. it works much better. >> right. i heard your lead-in on it, and you said this is a new idea floated by howard dean. ints a new idea. several democrats have floated that a while. the code word is going back to the clinton tax rates and talk about the clinton economy and we should go back to the clinton tax rates. what that means is all tax rates on all americans go back up because the tax rates were brought down in 2001 and 2003. so it's not new, and no, i don't support that. i don't think that's a great idea at all. it will slow down the economy. >> all right. the truth is when you look at economists' evaluations, it will slow down
rates that were there when i was predz. >> with now break through today and the fiscal cliff negotiations, is this a starting point? "outfront" republican congressman james langford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. good to see you, sir. appreciate you taking the time. what about this idea of raising taxes on everyone? the math actually in this case is much more promising. it works much...
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Dec 28, 2012
12/12
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fiscal cliff. we're total any potential deals hinges on what happens in the meeting. details on that ahead. >>> a man under arrest at a police station struggles with cops, gets a gun and shoots three officers before they take him out. that's coming up. >>> an f.b.i.'s file on marilyn monroe minus main redactions. what the documents say about her suspected ties to communist. >>> that's all ahead unless breaking news changes everything on "studio b." >>> we begin with a fox urgent. i'm trace gallagher in for shepard smith. a face-to-face meeting at the white house getting under way right now. one that could determine whether or not our nation plunges right off the fiscal cliff. take a live look at the white house where president obama called the top house and senate leaders from both parties to try and hammer out a deal avoiding the tax hikes and crippling spending cuts. remember analysts say falling off the fiscal cliff could drive the u.s. into another recession. more than a month has passed since
fiscal cliff. we're total any potential deals hinges on what happens in the meeting. details on that ahead. >>> a man under arrest at a police station struggles with cops, gets a gun and shoots three officers before they take him out. that's coming up. >>> an f.b.i.'s file on marilyn monroe minus main redactions. what the documents say about her suspected ties to communist. >>> that's all ahead unless breaking news changes everything on "studio b."...
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Nov 19, 2012
11/12
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CNBC
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go over the fiscal cliff, that nation trend would be snuff by dramatic tax increases. you have to bet that home depot shoppers revert to the ways that we saw several quarters ago. and i got to tell you something, it's not too late to buy the home desk spot. you should be buying the companies which sell into aisle, aisle, aisle, and aisle of home depot and lowe's. how about sherwin williams? how about stanley and black & decker? whirlpool. let's go back to usc. i think people are seeing the need to rebull the jersey coast and then new name, briggs and stratton. i think people are done relying on the electric grid for power. you know what? fiscal cliff? if it's really good-bye, i like the discretionary plays. ha harley-davidson, polaris, dick's sporting goods. you give rich people more money, they buy municipal bonds first, bolts second and then create the jobs that they're so often depended on. then return to the retailers. i urge you to keep in mind some of these if the xlif bridge cli bridged, notably nordstrom and petsmart. high end retail suppliers have been disappo
go over the fiscal cliff, that nation trend would be snuff by dramatic tax increases. you have to bet that home depot shoppers revert to the ways that we saw several quarters ago. and i got to tell you something, it's not too late to buy the home desk spot. you should be buying the companies which sell into aisle, aisle, aisle, and aisle of home depot and lowe's. how about sherwin williams? how about stanley and black & decker? whirlpool. let's go back to usc. i think people are seeing the...
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Jul 21, 2012
07/12
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cliff. tax-geddon. the ball is in their quart. i don't know there's a lot that bernanke can do. there's a lot that schumer and friends can do. >> congress has 21 days of work before the november election, by the way, give me that gig. 21 days and this guy is looking at bernanke and saying, speed it up. you've got to be kidding me. >> i think, neil, in their little world, as you can see from bernanke's smile, reaction, that was a little pat on the back and saying, i wish we were all doing better here. forget-- >> and come on, adam, i love you dearly. you know the smile on ben bernanke's face, i can't believe what an ass you are. (laughter) >> that's what the smile was. >> exactly right. exactly right. >> you know, it was like, here is the mirror, mirror meet senator schumer, senator schumer, meet the hypocrite staring back at you, this is insane. >> neil: 21 days. >> 21 days. and by the way, you know what he's really saying to ben bernanke, hurry up and get on the stick and get president obam
cliff. tax-geddon. the ball is in their quart. i don't know there's a lot that bernanke can do. there's a lot that schumer and friends can do. >> congress has 21 days of work before the november election, by the way, give me that gig. 21 days and this guy is looking at bernanke and saying, speed it up. you've got to be kidding me. >> i think, neil, in their little world, as you can see from bernanke's smile, reaction, that was a little pat on the back and saying, i wish we were all...
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Nov 7, 2012
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it won't be solved by raiding taxes or taking a plunge off the fiscal cliff. what we can do is avert the cliff in a manner that serves as a downpayment on and a catalyst for solutions enacted in 2013 to solve the problem. mr. president, the republican majority here in the house of representatives stands ready to work with you to do what is best for our country. that is exactly what i told the president earlier today. that is the will of the people and well answer to them. that means fully considering the impact of the policies we might set in motion. the independent accounting firm says going over part of the fiscal cliff and raising taxes on the top two rates costs our economy more than 700,000 jobs. the accounting firm confirmed that many of those hit with a rate increase will be small business owners, the very people would both parties acknowledge are the key to private sector job creation. there is an alternative to going over the fiscal cliff. in whole or in part. it involves making real changes to the financial structure of entitlement programs and refor
it won't be solved by raiding taxes or taking a plunge off the fiscal cliff. what we can do is avert the cliff in a manner that serves as a downpayment on and a catalyst for solutions enacted in 2013 to solve the problem. mr. president, the republican majority here in the house of representatives stands ready to work with you to do what is best for our country. that is exactly what i told the president earlier today. that is the will of the people and well answer to them. that means fully...
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Jul 29, 2012
07/12
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they have the fiscal tax cliff.. ththey cannot plan origure out how muchfter-t-tax p profit day have. >> weigh in. still consecutiveve growth bunot good numbers. >> i believe the l last arter wass 1.5%. the previous quarter was rised downo 2%.%. not good news for the country. >> we will be back with our number of the >> welcome back. : number of the week is a big deal of. 62%, the percentage of office workers who say they swear at work making washington than numberone city in the nation forswearing among 25 surveys. 64% of bosses say they think less of employoyees who swear at work. we are glad you joined [ male announcer ] we've made verizon fios even easier to stch to -- and even harder to resist. because now you can move up to fios with no annual contract required. for just $99.99 a month for a year you'll get a fios triple play and our whole home solution including a high-speed wireless router plus a new multi-room dvr and hd set top box free for six months. upgrade to fios. no annual contract means now there's n
they have the fiscal tax cliff.. ththey cannot plan origure out how muchfter-t-tax p profit day have. >> weigh in. still consecutiveve growth bunot good numbers. >> i believe the l last arter wass 1.5%. the previous quarter was rised downo 2%.%. not good news for the country. >> we will be back with our number of the >> welcome back. : number of the week is a big deal of. 62%, the percentage of office workers who say they swear at work making washington than numberone...
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all about the fiscal cliff, the national debt and taxing the rich. no matter which way you look at it a tax increase looks almost certain and soon. here is senator harry reid. >> people making all this money have to contribute a little bit more. all the polling we have done, the vast majority of the american people support that, including rich people. stuart: the president and harry reid have more clout after the election and they are pushing tax the rich. house speaker john maynard taking a much softer line. is he hinting compromise on tax money to washington? listen to this. >> there's an alternative to going over the fiscal cliff. in whole or in part. involves making real changes to the financial structure of entitlement reform and reforming our tax could occur bit special-interest loopholes and deductions. imus: got that? organized labor's joining the conversation. tax now, cut later. richard trumka says don't worry about the deficit. >> we strongly believe we should make sure the wealthy start paying their fair share of taxes. they believe we sh
all about the fiscal cliff, the national debt and taxing the rich. no matter which way you look at it a tax increase looks almost certain and soon. here is senator harry reid. >> people making all this money have to contribute a little bit more. all the polling we have done, the vast majority of the american people support that, including rich people. stuart: the president and harry reid have more clout after the election and they are pushing tax the rich. house speaker john maynard...
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refund the fiscal cliff. it is a tax rate that is increasingly seen as unfair. it is willy-nilly. they say that they are increasing the number of people are insured. and they say wait a second, that's not how it works. charles: the same argument that they use, by the same token, it is so odd that they singled out medical device makers and tanning salons are it is like -- what the heck? singh that we need to go after those nefarious medical devices. we need to get those guys. charles: you know, at some point, people have to understand. great innovation and breakthroughs will be delayed. it is hard to calculate how many, but there is no doubt that this will end up killing people. >> the issue is with venture capitalism, it's already pulled back. a 42% plunge in funding of medical device makers since last year. already companies like stryker announcing job layoffs. whether we see this as part of the fiscal cliff deal, we are pushing for it. charles: at some point they do need to address this. this hurts every si
refund the fiscal cliff. it is a tax rate that is increasingly seen as unfair. it is willy-nilly. they say that they are increasing the number of people are insured. and they say wait a second, that's not how it works. charles: the same argument that they use, by the same token, it is so odd that they singled out medical device makers and tanning salons are it is like -- what the heck? singh that we need to go after those nefarious medical devices. we need to get those guys. charles: you know,...
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Dec 5, 2012
12/12
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CNNW
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the fiscal cliff, you go over the cliff, the taxes go up for every single person. is the plan then if you do a deal for taxes on the middle class, then de facto the taxes go up on the wealthy and sort of have a win/win for the democrats? is that the scenario we're looking at now? >> well, the scenario is that we still have time to put a deal together. the president has a detailed proposal on the table. republicans need to decide where they want to move. john boehner needs to decide how he will get his caucus together. they're becoming increasingly isolated in their position. hopefully we can have a deal which protects the middle class. there is a piece of legislation sitting in the house today that would prevent taxes from going up on 98% of the american people. 97% of small businesses. they should go ahead and move that. and then we can have a broader discussion of how we achieve larger deficit reduction and avoid the fiscal cliff. but there's plenty of room and plenty of time for compromise. the president's position is clear. we're not going to do anything that h
the fiscal cliff, you go over the cliff, the taxes go up for every single person. is the plan then if you do a deal for taxes on the middle class, then de facto the taxes go up on the wealthy and sort of have a win/win for the democrats? is that the scenario we're looking at now? >> well, the scenario is that we still have time to put a deal together. the president has a detailed proposal on the table. republicans need to decide where they want to move. john boehner needs to decide how he...
WHUT (Howard University Television)
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Nov 8, 2012
11/12
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WHUT
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on top of his agenda, avoiding the so-called fiscal cliff, the round of tax rises and spending cuts which will be triggered just a few weeks' time. if a budget deal is not reached with the republicans. this report from washington. >> the president returns to washington, for the white house for four more years. he visited his campaign workers to thank them and many here are marveling about the effectiveness of his get-out- the-vote effort. that you washington, well, politics and an urgent task for the reelected president -- what to do about the so-called fiscal cliff? massive automatic tax rises and spending cuts are imminent unless republicans in congress in the president can agree on how to avert them. >republican leaders expressed willingness to compromise. >> mr. president, this is your moment. we are ready to be lead. not as democrats or republicans, but as americans. we want you to leave it -- not as a liberal or conservative, but as president of the united states of america. >> and the markets were paying attention. big finance fears that this booklet and worries congress will not a
on top of his agenda, avoiding the so-called fiscal cliff, the round of tax rises and spending cuts which will be triggered just a few weeks' time. if a budget deal is not reached with the republicans. this report from washington. >> the president returns to washington, for the white house for four more years. he visited his campaign workers to thank them and many here are marveling about the effectiveness of his get-out- the-vote effort. that you washington, well, politics and an urgent...
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Dec 14, 2012
12/12
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FBC
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no changes to the tax structure. dagen: more on the impact of the fiscal cliff. women are worried about it. there will not be spending that much on it on you. they will probably be spending it on themselves. a look at how the world currencies are very against the dollar today. ♪ there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep nuer store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. temperature-balancing bedding. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technology that allows you to adjust to the support your body needs. each of your bodies. in the name of human individuality: the sleep number collection. discover how our sleep professionals can individualize your sleep experience. exclusively at one of our 400 sleep number stores nationwide. sleep number. com
no changes to the tax structure. dagen: more on the impact of the fiscal cliff. women are worried about it. there will not be spending that much on it on you. they will probably be spending it on themselves. a look at how the world currencies are very against the dollar today. ♪ there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep nuer store. the only place in the world you'll find the extraordinarily comfortable sleep number...
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Nov 11, 2012
11/12
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CNN
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aing fiscal cliff. the downfall of the cia chief and the remaining superstorm sandy. bob menendez and new york congressman peter king. then dissecting tuesday's results with california governor jerry brown. plus, cnn's dana bash looks at the grand old party and the new electral with republicans, former democratic congress john huntsman, cathy mcmorris-rogers, carlos gutierrez, and conservative activist gary bauer. i'm candy crowley, and this is "state of the union." >>> good morning from california. the state that led the tax cut revolution in the late 1970s, but this last tuesday voted to raise taxes. we'll talk to governor jerry brown later in the show, but, first, that fiscal cliff. those tax hikes and spending cuts scheduled take place at the end of the year unless congress acts. president obama and house speaker john boehner picked up where they left off in dualing public appearances where both sounded consillatory, but didn't seem to budge much. must add to the president's to do list one more thin
aing fiscal cliff. the downfall of the cia chief and the remaining superstorm sandy. bob menendez and new york congressman peter king. then dissecting tuesday's results with california governor jerry brown. plus, cnn's dana bash looks at the grand old party and the new electral with republicans, former democratic congress john huntsman, cathy mcmorris-rogers, carlos gutierrez, and conservative activist gary bauer. i'm candy crowley, and this is "state of the union." >>> good...
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Nov 11, 2012
11/12
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CNNW
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the fiscal cliff. the downfall of the cia chief and the remains of superstorm sandy. with new jersey senator bob menendez and new york congressman peter king. then dissecting tuesday's results with california governor jerry brown. plus, cnn's dana bash looks at the grand old party and the new electorate with a foursome of republicans. former presidential candidate jon huntsman, congresswoman cathy mcmorris-rodgers. former commerce secretary carlos gutierrez, and conservative activist gary bauer piem candy crowley. and this is "state of the union." >>> good morning from california. the state that led the tax cut revolution in the late '70s but this past tuesday voted to raise taxes. we'll talk to governor jerry brown later in the show. but first, that fiscal cliff. those tax cuts and spending hikes scheduled to take place at the end of the year unless congress acts. president obama and john boehner picked up where they left off in dueling public appearances where both sounded conciliatory but didn't see
the fiscal cliff. the downfall of the cia chief and the remains of superstorm sandy. with new jersey senator bob menendez and new york congressman peter king. then dissecting tuesday's results with california governor jerry brown. plus, cnn's dana bash looks at the grand old party and the new electorate with a foursome of republicans. former presidential candidate jon huntsman, congresswoman cathy mcmorris-rodgers. former commerce secretary carlos gutierrez, and conservative activist gary bauer...
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Nov 8, 2012
11/12
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FOXNEWS
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the fiscal cliff in whole or in part. it involves making real changes to the financial structure of entitlement programs and reforming our tax code to cush special loopholes and deductions by working together to create a fairer, simpler cleaner tax code we can give our country a -- >> he told phone call he would be open to a bridge, basically buying time to so a new congress in a new year could work on these fiscal issues, shep. >> shepard: democrats maintain control of the senate what are they saying? >> senate majority leader harry reid says compromise is not a dirty word. he is prepared to sit down with the republicans and negotiate. here the majority leader on his take away from the election. this is the message the american people sent from all over. and that is they are tired of these partisan gridlocks. they are tired of things like, well, i have one goal. defeat obama. that's gone. obama was reelected overwhelmingly. american people want us to work together. >> that is likely easier said than done. we should get a
the fiscal cliff in whole or in part. it involves making real changes to the financial structure of entitlement programs and reforming our tax code to cush special loopholes and deductions by working together to create a fairer, simpler cleaner tax code we can give our country a -- >> he told phone call he would be open to a bridge, basically buying time to so a new congress in a new year could work on these fiscal issues, shep. >> shepard: democrats maintain control of the senate...
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Nov 8, 2012
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. >> now, going over the fiscal cliff, as it's called, could cause california 220,000 jobs, says feinstein when the bush tax cuts and spending expire at the end of this year. >>> president obama fresh off his victory is back at the white house tonight. the president, first lady and daughters malia and sasha arrived just a few hours ago. you see them there getting off air force i. it was already turning toward bipartisan equality. boehner even opened the door to higher taxes. >> bipartisan agreement which begins to solve the problem, we're willing to accept revenue under certain conditions. >> we republicans want us to work together. >> so much talk about the impending fiscal cliff. it's dominating this agenda, although the problems have other immediate concerns, including changes thoiz cabinet. >>> a home burglary at the home of nancy pelosi is raising eyebrows. the 21-year-old admitted to robbing six homes. they found the front door smashed in. it's not clear if he took anything initially. nancy pelosi won her post again last night. some congressional insiders say pelosi is weighing her o
. >> now, going over the fiscal cliff, as it's called, could cause california 220,000 jobs, says feinstein when the bush tax cuts and spending expire at the end of this year. >>> president obama fresh off his victory is back at the white house tonight. the president, first lady and daughters malia and sasha arrived just a few hours ago. you see them there getting off air force i. it was already turning toward bipartisan equality. boehner even opened the door to higher taxes....
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Nov 8, 2012
11/12
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going off the fiscal cliff means crashing into your home. >> if we go over the fiscal cliff, we will increase taxes by $500 billion through 2013. that's an average tax increase of $3,500 for every household in america. >> reporter: then, there is sequestration. months can months ago congress said we'll impose automatic cuts that are so bad in january, that of course we'll cut a better deal before they kick in. they havement cut a better -- they haven't cut a better deal. >> it's just across the board. it's just a very slap dash approach. and in that respect people are going to get hurt unnecessarily. so thank the department of interior. department of commerce. across the board cuts. >> reporter: for that matter, think metro. >> with you $12 million cuts in the federal contribution to metro and ridership will go down. they think this could be about a $30 million hit to metro. >> reporter: $100 billion in cuts. >> every single government program except for medicaid and social security is going to get cut at the end of the year. if we go over the cliff. >> reporter: with government cuts
going off the fiscal cliff means crashing into your home. >> if we go over the fiscal cliff, we will increase taxes by $500 billion through 2013. that's an average tax increase of $3,500 for every household in america. >> reporter: then, there is sequestration. months can months ago congress said we'll impose automatic cuts that are so bad in january, that of course we'll cut a better deal before they kick in. they havement cut a better -- they haven't cut a better deal. >>...
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Dec 6, 2012
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>> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect of an agreement that doesn't involve the tax -- remember, it's 207b8%. remember, all of those americans, too, get a tax cut into that framework on the first $250,000 of their income. >> that said the president and speaker john boehner discussed the budget by phone yesterday. susan mcginnis is in washington with the latest on this game of fiscal chicken. susan, good morning to you. >> right. good morning, terrell. yeah, that phone call does raise the possibility that some serious talks could start soon, but now we learn that a lot of members of congress are heading out on a long weekend, not to return till tuesday, this as the impasse here on capitol hill continues and the nation waits. social security workers marched outside their office in baltimore wednesday. they're protesting the government spending cuts due to kick in at the end of the year as part of the fiscal clear. >> we don't want to see our public hurt in any way. >> just down the road in washington, d.c
>> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect of an agreement that doesn't involve the tax -- remember, it's 207b8%. remember, all of those americans, too, get a tax cut into that framework on the first $250,000 of their income. >> that said the president and speaker john boehner discussed the budget by phone yesterday. susan mcginnis is in washington with the latest on this game of fiscal chicken. susan, good morning to...
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Dec 5, 2012
12/12
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. >> reporter: and, of course, going off the so-called fiscal cliff means a tax hike for just about everybody who does have a job. but today, treasury secretary timothy geithner said the president is absolutely willing to go off the cliff unless republicans agree to raise tax rates. >> there's no prospect for an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans. >> reporter: and on that, no progress. >> where are the specifics? nothing is going on. >> reporter: there have been no rey talks between the white house and republicans for a week. but late today, diane, one possible sign of progress. the president and the speaker of the house spoke via telephone. neither side would give any details about what was said, but the stock market closed higher today with traders, at least, apparently optimistic that a deal will be reached. >> one phone call can do that. okay, thank you, jonathan karl. >>> now, we head overseas to cairo. another day of bloodshed and chaos there. battles erupting in the streets. look there, outside the presidential palace. between
. >> reporter: and, of course, going off the so-called fiscal cliff means a tax hike for just about everybody who does have a job. but today, treasury secretary timothy geithner said the president is absolutely willing to go off the cliff unless republicans agree to raise tax rates. >> there's no prospect for an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans. >> reporter: and on that, no progress. >> where are the specifics?...
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Nov 7, 2012
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. >> tax reform takes a long time. you are going to the fiscal cliff in the short-term. but you are to lay out some kind of goals or parameters for the tax reform project which takes a year. >> bret: basically what we are looking at is another punt, to the spring, and promise to take up simpson-bowles or dome domeiniic-riblin or whatever. >> you don't want to negotiate tax reform in '8 # took a year, in month yeah you can't do. you punt it. with the understanding on all sides, which you can do in a month yeah is you do something along simpson-bowles. on that, you can get a national consensus and get us out of the immediate emergency. >> there will be skeptics who said that is what the super committee was supposed to do. >> the president just stood aside. now he has to go ahead and lead. beginning a second term. he can't allow it to start with a recession. he has something to compel him to go ahead and offer something like that kind of deal. >> i agree. for boehner, this is his legacy and paul ryan he wants to be the guy who was effective and maybe deal with the president
. >> tax reform takes a long time. you are going to the fiscal cliff in the short-term. but you are to lay out some kind of goals or parameters for the tax reform project which takes a year. >> bret: basically what we are looking at is another punt, to the spring, and promise to take up simpson-bowles or dome domeiniic-riblin or whatever. >> you don't want to negotiate tax reform in '8 # took a year, in month yeah you can't do. you punt it. with the understanding on all sides,...
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Dec 5, 2012
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the tax hike on most americans if we go over the fiscal cliff and taxes go up across the board, $167 a month. that's about the same as two people's smartphones at home. that's not even a bill they had ten years ago. let's talk more about it. joining us, jared bernstein, senior fellow at the center on budget and policy priorities. nicole wu, director of domestic policy at the center for economic and policy research. jared, i'm not suggesting we go over it but i think you get my point. we spend a lot of money on a lot things, some of which we need, some of which we don't. why would a 200-month tax raise destroy the economy but spending $200 a month on a smartphone somehow doesn't? >> because of the aggregation problem. if you just look at one person it doesn't look so bad. but when you sum it up across 300 million americans and you factor in that 70% of our gdp is consumer spending, in europe it is about 55% so we're more dependent on the consumer for our growth -- then you understand why the congressional budget office -- i don't think they've ever done this before -- is actually pred
the tax hike on most americans if we go over the fiscal cliff and taxes go up across the board, $167 a month. that's about the same as two people's smartphones at home. that's not even a bill they had ten years ago. let's talk more about it. joining us, jared bernstein, senior fellow at the center on budget and policy priorities. nicole wu, director of domestic policy at the center for economic and policy research. jared, i'm not suggesting we go over it but i think you get my point. we spend a...
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Nov 10, 2012
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, the fiscal cliff. mark, the president it seems to me is drawing a line as he has before. he said whatever it is it has got to include taxes on the wealthy. the speaker is saying exactly what he did before, it can't include tax on the wealthy. so where do you see this going? >> i see it going to demolition derby. i mean we're in a little bit of a game of chicken right now with the date pending at the end of year, with a lame duck congress. with members who are leaving who were defeated, who are retiring. i think the very few things we can say came out of this campaign of 2012. i mean there weren't any nine point programs, either the president or governor romney. but no one can argue that barack obama did not stand clearly and unequivocally for raising the taxes on those earning over $250,000. just as mitt romney stood for repealing affordable care act. those were sort of the two linchpins. so the president does have, i think, a legitimate point of view. the speaker acknowledges that we're going to have
, the fiscal cliff. mark, the president it seems to me is drawing a line as he has before. he said whatever it is it has got to include taxes on the wealthy. the speaker is saying exactly what he did before, it can't include tax on the wealthy. so where do you see this going? >> i see it going to demolition derby. i mean we're in a little bit of a game of chicken right now with the date pending at the end of year, with a lame duck congress. with members who are leaving who were defeated,...
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Nov 8, 2012
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and it won't be solved simply by raising taxes or taking a plunge off the fiscal cliff. >> the vast majority of the american people rich, poor, everybody agrees that the rich, richest of the rich have to help a little bit. >> another disagreement, john boehner the house speaker talking about doing a framework but getting a new deal done with the new congress. harry reid saying let's not kick the can further down the road. negotiations really get under way next week when both sides of the house and the senate come back to town. >> it will be a lot of phone calls before that. you and i had a lot of fun talking about the final senate races and house races where they were all falling. where does the balance of power stand right now? >> things have changed since yesterday morning, john. take a look at this. in the senate, we called two more races yesterday afternoon. here's the breakdown in the senate. it's a little bit different than it was in the old congress. take a look at the charts here. we now have 54 democrats including one independent. as for the republicans, 45 republicans in the new se
and it won't be solved simply by raising taxes or taking a plunge off the fiscal cliff. >> the vast majority of the american people rich, poor, everybody agrees that the rich, richest of the rich have to help a little bit. >> another disagreement, john boehner the house speaker talking about doing a framework but getting a new deal done with the new congress. harry reid saying let's not kick the can further down the road. negotiations really get under way next week when both sides...
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Sep 27, 2012
09/12
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poem are talking about about the fiscal cliff coming and new tax increases and spending cut us. but the really problem is in february when out of the necessity who is president will have to go to the congress and say we need a trillion or two trillion in borrowing authority to pay our debts. we have got i mean, this is a conservative message which people, whether they agree with you or not. >> this is real. >> this is real. and we are on a spending binge. >> woodward will appear on "fox and friends" to discuss the economy and next fiscal cliff is just around the corner. there are fewer than 100 days before we reach that impending fiscal cliff. the expiration of bush tax cuts the start of a trillion dollars of budget cuts. tax magedon is unsettling to one large segment of the economy and mike emanuel explains. >> many small business owners are expressing anxiety as the u.s. economy faces the fiscal cliff. that is in tax hikes and government spending cut to do you to take affect in the new year. >> i want to grow and invest in the community and holding things back just because of
poem are talking about about the fiscal cliff coming and new tax increases and spending cut us. but the really problem is in february when out of the necessity who is president will have to go to the congress and say we need a trillion or two trillion in borrowing authority to pay our debts. we have got i mean, this is a conservative message which people, whether they agree with you or not. >> this is real. >> this is real. and we are on a spending binge. >> woodward will...
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they're all worried about taxes. they're all worried about the fiscal cliff. the dow jones industrial average is down 15 points. as i hand it back to you guys. we started off the day that way and had a rally and returning to where we started off during the trading day. lori: the whole report was a wash, sandra. we're back where we started from. >> scratch it. lori: thanks, sandra. even with a slight slowdown in september, travel confidence is on the rise? is this good news for the industry and the overall economy. joining me ihg america president. wonderful hotel change. been a customer many years. it was a great quarter for ihg. profits rose 9.2%. you cut debt and were able to raise room rates. is that the whole story? >> i think the story is the prefered brands we have and certainly a very strong business model with respect to how we continue to deliver great guest experiences and have a set of fantastic brands as i said. great delivery systems and really engaged colleagues. lori: where is the strength, in the leisure sector or in business? >> i think it is
they're all worried about taxes. they're all worried about the fiscal cliff. the dow jones industrial average is down 15 points. as i hand it back to you guys. we started off the day that way and had a rally and returning to where we started off during the trading day. lori: the whole report was a wash, sandra. we're back where we started from. >> scratch it. lori: thanks, sandra. even with a slight slowdown in september, travel confidence is on the rise? is this good news for the...
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Dec 18, 2012
12/12
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>> a plan b on the fiscal cliff on taxes, stuart. this is coming from house speaker john boehner who is addressing republicans right now. we have a source in the room telling us that republicans will vote on a plan b in the house. likely this week. it will allow americans to avoid higher tax rates starting on january 1st. this deals with just the tax portion here on different rates. so, the threshold that republicans want is a million dollars. you wouldn't get a tax hike on your rates if you earned less than 1 million dollars annually. so that's a plan b that republicans vote on on the house. house speaker john boehner still wants a grand bargain with president obama. the two sides were drawing closer, last night their deal gave some discouragement to house speaker john boehner, so he's putting a second plan on the table and prefers president obama and they'll take it to-- >> it sounds like speaker boehner cannot sell the deal he's approaching with president obama to his own house members, so he's going to plan b the concentrate only
>> a plan b on the fiscal cliff on taxes, stuart. this is coming from house speaker john boehner who is addressing republicans right now. we have a source in the room telling us that republicans will vote on a plan b in the house. likely this week. it will allow americans to avoid higher tax rates starting on january 1st. this deals with just the tax portion here on different rates. so, the threshold that republicans want is a million dollars. you wouldn't get a tax hike on your rates if...
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Nov 8, 2012
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to avoid that so-called fiscal cliff. nbc's tracie potts is in washington with the latest on that. tracie, good morning. >> reporter: good morning everyone. the party is over now in chicago. he's back here, and the real work begins starting with the economy including that fiscal cliff that you mentioned. taxes and budget problems that could kick in by the end of this year. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. >> reporter: fresh off his election victory, president obama's already been on the phone with top democrats and republicans in congress urging them to compromise before america falls off the fiscal cliff. what's that? long-term unemployment benefits and the 2% payroll tax cut expiring, a big cut in medicare payments, and your taxes going up january 1 if congress doesn't act. plus, another $500 billion in cuts at the pentagon. boeing, the military's second largest supplier, already announced a second round of executive layoffs. >> nobody wants to see this fiscal cliff without a deal b
to avoid that so-called fiscal cliff. nbc's tracie potts is in washington with the latest on that. tracie, good morning. >> reporter: good morning everyone. the party is over now in chicago. he's back here, and the real work begins starting with the economy including that fiscal cliff that you mentioned. taxes and budget problems that could kick in by the end of this year. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can...